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Unemployment is low, but inflation is high – and Americans are not happy about that.
There are many metrics that mean a successful year in the office, and once you add an epidemic, there is more to consider. Joe Biden, who began his term as US President in January 2021, and his party says it has done well.
The US economy recovered faster from the epidemic than most others. Based on some of the 10 major market indicators, the economy has fared better in Biden’s first year than its predecessor in the last 50 years. The stock market is booming, unemployment is low and wages are rising. But rising prices have shown significant gains in 12 months for 40 years.
Elsewhere, we see why Turkish President Recep Tayyip Erdogan reduced interest rates despite rising inflation.
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